According to the Quantity Theory of Money, an Increase in GDP

Multiple Choice

According to the quantity theory of money, an increase in GDP ________ inflation, and the Phillips curve demonstrates that inflation ________ with rising GDP. This is because the quantity theory is a ________ theory of price behavior.

A) reduces; increases; long-run
B) raises; decreases; short-run
C) has zero influence on; decreases; money-neutral
D) raises; increases; short-run
E) reduces; does not move; Keynesian